Franklin Rises Most Since 2012 as Company Reduces ExpensesBy
Suffers worst redemptions ever as clients pull $28.6 billion
Firm approves the buyback of an additional 30 million shares
Franklin Resources Inc. rose the most in more than three years as the manager of the $58 billion Templeton Global Bond Fund boosted its share buyback program and cut expenses to respond to record redemptions from its funds.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.